Autonation, Inc. (AN) Files Form 4 Insider Selling : Jonathan P Ferrando Sells 20,000 Shares

Autonation, Inc. (AN): Jonathan P Ferrando , EVP – GC, Corp Dev & HR of Autonation, Inc. sold 20,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $50.51 per share for a total value of $1,010,288.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 26, 2016, Karen C Francis (director) purchased 500 shares at $51.73 per share price.On Feb 2, 2016, George Lawrence Iii Mikan (director) purchased 4,500 shares at $43.03 per share price.Also, On Nov 27, 2015, David B Edelson (director) sold 8,000 shares at $64.00 per share price.On Nov 10, 2015, Jonathan P Ferrando (EVP – GC, Corp Dev & HR) sold 24,876 shares at $64.07 per share price.

Shares of AutoNation (AN) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.77 points or -1.53% at $49.67 with 18,90,658 shares getting traded. Post opening the session at $50.07, the shares hit an intraday low of $48.48 and an intraday high of $50.255 and the price vacillated in this range throughout the day. The company has a market cap of $5,121 M and the number of outstanding shares has been calculated to be 10,31,03,606 shares. The 52-week high of AutoNation is $66.63 and the 52-week low is $40.45.

AutoNation Money Flow Index Chart

Company has been under the radar of several Street Analysts.AutoNation is Initiated by Jefferies to Hold. The Rating was issued on Apr 11, 2016.AutoNation is Downgraded by Goldman to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 8, 2016.

AutoNation Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services including new vehicles used vehicles parts and service which includes automotive repair and maintenance services as well as wholesale parts and collision businesses and automotive finance and insurance products which includes vehicle service and other protection products as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz BMW and Lexus.

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